Headlines

Everyday Low Prices

Discounters grabbed 70 percent of total sales in the third quarter 2000

Published

23 years ago

January 3, 2001

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In the pre-Christmas third quarter of 2000, discount stores collected 70 percent of total retail sales. In a 10.5 percent improvement over the same period of 1999, discount sales rose to $53.2 billion, according to the economics trends analysis of the International Mass Retail Association. While quarterly sales were higher than a year ago, however, IMRA reports that sales dropped from the second quarter's $53.8 billion. (Total retail sales also declined from the second quarter.)

“Discount stores are more acceptable to mainstream society, and some are even fashionable,” noted the IMRA report. “It's not uncommon for the same customer to shop both Neiman Marcus and Target these days.”

IMRA's figures for the all-important fourth quarter – containing holiday season results – will not be available for several weeks.

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